2021 has been a pretty weird year for meme coins, as most of the coins have seen some weirdly crazy rallies over the year that have caught almost everyone’s attention. The rallies were so significant that some of the meme coins even made it to the top 10 crypto lists by market cap for a while. However, lately we have seen meme coins plummeting and being removed from the top 10 list altogether. cryptocoin.com we now include reviews of DOGE, SHIB and ELON.
What awaits DOGE, SHIB and ELON?
It all started with Tesla CEO Elon Musk tweeting frequently about Dogecoin. Musk’s tweets would later ignite the incredible run the coin had shortly after. Shiba Inu would later draw inspiration from Dogecoin like many other new meme coins. SHIB and some other meme coins had even more incredible rallies than DOGEs. Most notable was Shiba Inu’s rally in October, which at one point rose 1000% in 30 days. So what awaits meme coins? In fact, an Arcane Research report predicts that most meme coins will enter obscurity in 2022, but we’re only in the first week of the year. So, let’s take a look at how meme coins are performing right now. At the time of writing, Dogecoin’s price is down 12.88% over the past 7 days, hovering around $0.1505. Here is a chart showing the trend in the price of the coin over the past five days:
The price of the Shiba Inu was $0.00002818, down 16.80% in the last 7 days.
The price of Dogelon Mars at the time of writing is down 24.80% in the last 7 days, hovering around $0.000001242.
While they all appear to be on a downtrend, there is absolutely no cause for alarm yet. This is because there is a general bearish trend across all crypto markets, including Bitcoin and Ethereum. And frankly, Dogecoin and Shiba Inu are still holding their own in the world of meme coins.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.